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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities    
Net income $ 11,455 $ 15,656
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,516 1,242
Provision for credit losses 8,250 550
Share-based compensation expense 323 281
Deferred income tax benefit (2,984) (236)
Loans originated for sale (35,082) (6,843)
Proceeds from sale of loans 32,917 7,080
Gain (Loss) on Sales of Loans, Net (555) (151)
Realized securities gains, net (1,038) (1,082)
Gain (Loss) on Disposition of Assets 123 (155)
Gain (Loss) on Disposition of Business 0 (1,906)
Write-downs of foreclosed properties 1,164 1,445
Amortization of securities premiums, net 1,303 1,290
Amortization (accretion) related to acquisitions, net (800) (632)
Amortization of intangibles 839 897
Earnings on cash surrender value of bank owned life insurance (540) (590)
(Increase) decrease in accrued interest receivable (1,843) 229
Decrease (increase) in other assets 116 (11)
(Decrease) increase in other liabilities (226) 1,232
Net cash provided by operating activities 14,692 18,606
Cash Flows from Investing Activities    
Proceeds from maturities and calls of securities available for sale 2,200 1,445
Proceeds from Sale of Debt Securities, Available-for-sale 74,750 114,171
Principal payments received on securities available for sale 12,278 13,822
Payments to Acquire Debt Securities, Available-for-sale 41,880 46,060
Payments to Acquire Held-to-maturity Securities (80,732) 0
Purchases of other investments (8,148) (6,930)
Proceeds from redemptions of other investments 12,365 9,142
Net loan originations (230,848) (85,633)
Purchases of premises and equipment (6,201) (5,863)
Proceeds from Sale of Property, Plant, and Equipment 9 3
Improvements to property held for sale (1,072) (33)
Proceeds from sales of repossessed assets & property held for sale 1,494 2,403
Payment to Acquire Life Insurance Policy, Investing Activities (8,456) 0
Proceeds from Divestiture of Businesses 0 7,117
Cash Acquired from Acquisition 183,697 20,589
Net cash (used in) provided by investing activities (90,544) 24,173
Cash Flows from Financing Activities    
Net increase in demand deposit, NOW and savings accounts 256,358 20,505
Net (decrease) increase in time deposits (79,539) 29,954
Net decrease in short-term borrowings (108,400) (83,741)
Repayment of long-term borrowings (9) (9)
Payments for Derivative Instrument, Financing Activities (5,850) 0
Proceeds from issuance of common stock, net of issuance costs 33 40
Payments for Repurchase of Common Stock 1,444 8,952
Proceeds from Stock Options Exercised 0 7
Dividends paid on common stock (4,395) (3,648)
Net cash provided by (used in) financing activities 56,754 (45,844)
Decrease in cash and cash equivalents (19,098) (3,065)
Cash and cash equivalents:    
Beginning 61,888 59,540
Ending 42,790 56,475
Cash payments for:    
Interest Paid, Excluding Capitalized Interest, Operating Activities 11,288 14,645
Income taxes 3,745 3,845
Supplemental Disclosures of Noncash Investing and Financing Activities    
Real property and other assets acquired in settlement of loans 177 3,937
Lease Obligation Incurred 3,293 0
Noncash or Part Noncash Acquisition, Other Assets Acquired 171,645 100,377
Noncash or Part Noncash Acquisition, Other Liabilities Assumed $ 365,379 $ 114,151